The company, active in owning and operating FPSOs, issued a USD 1.035 bn project bond for FPSO Anna Nery, operating off the coast of Brazil. The company’s CEO Flemming Grønnegaard, COO Jahn Atle Høgberg and CFO Markus Wenker joined the bell ceremony to mark this landmark transaction alongside representatives of Yinson Production's project partner Sumitomo Corporation.
The successful issue is a testament to the strength of the underlying asset and the confidence of the capital markets in Yinson Production as the best-in-class independent owner and operator of FPSOs. The refinancing of FPSO Anna Nery is another step in diversifying the funding base and optimising the capital structure to support further growth and drive long-term value for Yinson Production. At the same time, investors in the notes enjoy upside potential through the uncapped investment grade structure of the notes, whilst the strong credit fundamentals of FPSO Anna Nery provide downside protection.
Yinson Production is very pleased to see its inaugural bond listed on London Stock Exchange as a first step towards further transactions in the international capital markets. Yinson Production: proud to passionately deliver powerful solutions to clients and stakeholders.